Confidence in the Zimbabwe Gold (ZiG) currency has dropped to an all-time low, a member of the Reserve Bank of Zimbabwe (RBZ) ...

Zimbabwe’s gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the ...

The Zimbabwe ZiG has stabilized in the past few weeks even as the country’s economy has deteriorated and gold prices have ...

The Africa Report Zimbabwe’s economic instability is deepening, deterring international investment and eroding confidence in ...

Zimbabwe wants its gold-backed currency to float freely on the foreign exchange market, the central bank's deputy governor ...

Zimbabwe's gold-backed currency, the Zimbabwe Gold (ZiG), in recent weeks has shown signs of stabilisation. However, concerns ...

Zimbabwe’s gold-backed currency posted its first gain in more than two weeks, suggesting that tighter monetary policy is ...

Harare,— Zimbabwe’s foreign currency reserves supporting the Zimbabwe Gold (ZiG) currency have surged past US$500 million, a ...

Zimbabwe’s ZiG currency, launched in April 2024, has experienced a sharp decline in value, losing 100% in just five months.

Despite a sharp devaluation of Zimbabwe’s gold-backed currency and surging inflation, Finance Minister Mthuli Ncube remains ...

Six months in, the gold-backed ZiG touted as a solution to the currency crisis is struggling to win confidence.

The switch from the current system, where the central bank sets a daily price and permits incremental day-to-day changes, ...